Market Cap of New Homes Continues Stumbling as Mortgage Rates Rise

The U.S. new home market continued stumbling along in May 2026. Political Calculations' initial estimate of the total value of new home sales in the United States during May 2026 is $28.62 billion. This value is slightly higher than the initial estimate of $28.30 billion for April 2026, which has been revised downward to $28.18 billion for this month. This estimate rose largely because average new…